The announcement by the UK government that it planned to raise premium rates for its ultimate backup reinsurer Pool Re initially raised fears that coverage through the system could be diminished. Willis noted, however, that although “commentators initially thought the …
BP Plc got support from the U.K. government in its U.S. court fight over the level of compensation required under a settlement of lawsuits stemming from the 2010 Gulf of Mexico oil spill. The U.K. told U.S. Supreme Court judges …
As the UK government launches its insurance growth plan, Huw Evans, Deputy Director General of the Association of British Insurers commented: “The Insurance Growth Action Plan demonstrates how important the UK insurance industry is to the economy and wider society …
A bulletin from the Association of British Insurers (ABI) notes that the UK’s Financial Secretary to the Treasury Greg Clark announced on Tuesday May, 21 that the Government has outlined a “strategy for the insurance sector to enhance its position …
A bulletin from Willis Group Holdings notes the international broker’s role in providing its expertise for a new UK Government Office of Science Foresight report entitled “Reducing the Risks of Future Disasters: Priorities for Decision Makers.” “Disaster risk reduction needs …
